PACCAR Inc. (PCAR) to Issue Quarterly Dividend of $1.40 on January 7th

PACCAR Inc. (NASDAQ:PCAR) announced a quarterly dividend on Tuesday, December 9th. Investors of record on Friday, December 19th will be given a dividend of 1.40 per share on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, December 19th. This is a 324.2% increase from PACCAR’s previous quarterly dividend of $0.33.

PACCAR has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. PACCAR has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect PACCAR to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.4%.

PACCAR Stock Performance

Shares of NASDAQ:PCAR opened at $112.16 on Wednesday. PACCAR has a twelve month low of $84.65 and a twelve month high of $115.43. The firm has a market cap of $58.91 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 15.45 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.91 and a current ratio of 3.12. The business has a fifty day moving average of $101.18 and a 200-day moving average of $98.67.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.23 billion. During the same quarter in the previous year, the firm earned $1.85 EPS. The company’s revenue was down 20.7% compared to the same quarter last year. On average, equities research analysts predict that PACCAR will post 7.57 EPS for the current fiscal year.

Insider Transactions at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of PACCAR stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total value of $340,774.35. Following the completion of the transaction, the chief financial officer directly owned 468 shares of the company’s stock, valued at $47,338.20. The trade was a 87.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PACCAR

A number of large investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. increased its holdings in PACCAR by 53.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Private Wealth Management Group LLC grew its holdings in shares of PACCAR by 293.1% during the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in shares of PACCAR in the third quarter valued at approximately $32,000. Bayforest Capital Ltd raised its holdings in PACCAR by 234.2% in the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after buying an additional 274 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in PACCAR during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.